https://www.taxtmi.com/caselaws?id=429710 The ITAT upheld the jurisdiction of the Pr.CIT under section 263, emphasizing the supervisory power to revise orders passed by the AO. The ITAT found the assessment order erroneous due to lack of verification by the AO, supporting the Pr.CIT's invocation of section 263. The ITAT deemed the Pr.CIT's order contradictory and remitted the issue for fresh consideration, directing proper enquiries. The appeal was partially allowed for statistical purposes, with both appeals partly allowed. en-us Tue, 01 Nov 2022 00:00:00 +0530 Wed, 02 Nov 2022 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429710 The ITAT upheld the jurisdiction of the Pr.CIT under section 263, emphasizing the supervisory power to revise orders passed by the AO. The ITAT found the assessment order erroneous due to lack of verification by the AO, supporting the Pr.CIT's invocation of section 263. The ITAT deemed the Pr.CIT's order contradictory and remitted the issue for fresh consideration, directing proper enquiries. The appeal was partially allowed for statistical purposes, with both appeals partly allowed. Case-Laws Income Tax Tue, 01 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429710